Strip Mall with Road
For Sale
$5,250,000
58-60 E Merrick Rd, Valley Stream, NY 11580
Retail center offering a substantial commercial footprint along East Merrick Road in Valley Stream.
Property Size13,620 SF
Lot Size0.61 Acres
Price / SF$390.04
Days on Market53
Property Features for 58-60 E Merrick Rd
General Information
Standard status
Active
Size
13,620 SF
Lot size
0.61 Acres
Property subtype
Shopping Strip
Site & Location
Neighborhood
Central Valley Stream
Traffic Count
29,750 vehicles/day
Amenities
Premier Merrick Road frontage — approximately 200 feet of continuous frontage on a corridor carrying 29,750 vehicles per day, delivering the visibility and access national tenants underwrite.
Durable, diversified income mix across convenience retail (7-Eleven), home-improvement retail (Aboff's Paints) and fitness (Stay Fit Culture) — sectors insulated from e-commerce displacement.
Net-lease style expense recovery — leases carry tax, CAM and insurance reimbursements, insulating ownership from rising Nassau County operating costs with minimal landlord responsibility.
Dense, affluent trade area — 689,875 residents within five miles with a 2025 average household income of $146,327, rising to$155,868 within one mile of the property.
Irreplaceable infill real estate — 0.61 acres with 25 surface spaces and 3 storefronts on a corridor where new retail development is effectively precluded by zoning and land scarcity.
7-Eleven exercised its first renewal option ahead of schedule and secured an additional extension period, reinforcing the tenant's long-term commitment to the site.
Building Details
Building Size
13,620 SF
Year Built
1992
Listing Agency:
New York City Office
Listed By:
Mike Tuccillo · License #License(s): NY: 10301217094, NY: 10491208938
(212) 430-5196
Source:
Marcusmillichap
Added: Sep 2
Changed: Oct 23
Last Checked: Oct 24 at 1:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New York City Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail strip center contains 13,620 square feet on a 0.61-acre site. Constructed in 1992, the property is configured for multi-tenant retail use and presents 200 feet of frontage along East Merrick Road.
The center is located at 58-60 East Merrick Road in Valley Stream, New York, with reported traffic exposure of 29,750+ vehicles per day. Its combination of established construction, retail-oriented configuration, and substantial road frontage defines the property’s commercial profile.
The center is located at 58-60 East Merrick Road in Valley Stream, New York, with reported traffic exposure of 29,750+ vehicles per day. Its combination of established construction, retail-oriented configuration, and substantial road frontage defines the property’s commercial profile.
Key Highlights
- 13,620‑square‑foot retail strip center
- 0.61‑acre commercial site
- 200 feet of frontage on East Merrick Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$266,548
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,330,960
$5.3M
Cap Rate 7%
$3,807,829
$3.8M
Cap Rate 9%
$2,961,644
$3.0M
Market Conditions
NOI Build-Up for 13,460 SF
Gross rent
$403.8K $30.00/SF
− Vacancy
−$23.0K −$1.71/SF
EGI
$380.8K $28.29/SF
− OpEx
−$114.2K −$8.49/SF
NOI
$266.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,330,960
Cap Rate 7%
$3,807,829
Cap Rate 9%
$2,961,644
Alternative Uses
Best Use
Retail
$3.81M
$3.33M – $4.44M
NOI $266,548 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.90M
$7.79M – $10.38M
NOI $622,962 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
29,750 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail center offering a substantial commercial footprint along East Merrick Road in Valley Stream.
Where is this strip mall located?
The property is located at 58-60 E Merrick Rd Valley Stream, NY.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 13,620‑square‑foot retail strip center; 0.61‑acre commercial site; 200 feet of frontage on East Merrick Road
